ConAgra Foods Inc., Omaha, Neb., completes the sale of its fresh beef and pork operations to a venture led by Hicks, Muse, Tate & Furst Inc. and Booth Creek Management Corp., Dallas, for $1.4 billion. (Marketing News).

ConAgra Foods Inc., Omaha, Neb., completes the sale of its fresh beef and pork operations to a venture led by Hicks, Muse, Tate & Furst Inc. and Booth Creek Management Corp., Dallas, for $1.4 billion. In a press release, ConAgra said the deal is part of its long-term strategy to focus on branded food products, but it will maintain a relationship with the sold business, which will continue to provide meat used in other ConAgra businesses.